Spring Breeze Twenty Years

Chapter 951 Determining Headquarters Shares

Aunt Wang said, "It's fine to play for a few days, but what about you two after we leave? The finance department has a lot of work to do. Besides, Gengsheng and Xiaoxiaohui are too old to be dating."

Chen Xiao, biting her chopsticks, asked, "Huh? Children can't soak in hot springs?"

Aunt Wang said, "She's too young. She can start when she's four or five. It's easy for her to develop delusions if she soaks in water now."

Xiao Wei said, "You guys can rent a room to play, and leave the kids to play on their own. Just don't let them go into the water."

Xiaowei's mother asked, "Is it alright at home?"

Xiao Wei said, "What's wrong with that? Someone cleans up every day. Xiao Hui, Lao Xia, and I won't go hungry. If we want to move around, we can cook for ourselves. If we don't want to move around, we can eat in the cafeteria."

Uncle Wang said, "So you're not considering me at all, are you?"

Everyone burst into laughter, and the two children jumped and shouted along.

After a pleasant meal, Xiaowei's parents, Uncle Wang and Aunt Wang, along with Chen Xiao, Geng Hui, and Xiao Hong, took the two children to the second-floor living room to watch TV and chat. Xiaowei, Xia Maosheng, and Chen Hui cleared the table, washed the dishes, and then sat down in the first-floor living room to smoke and drink tea.

"How are you now?" Chen Hui asked Xia Maosheng.

Xia Maosheng said, "What can we do? It's the same every day. We just coast along at work, reading newspapers, studying policies, attending meetings, and looking at documents. In a few days, things will get busy. It's the end of the year, and there will be province-wide inspections. It's really just a formality, but we have to go down there. We have to look at the summary reports from the various cities and do spot checks."

Xiao Wei asked, "What area are you mainly in charge of now?"

Xia Maosheng said, "I'm just a small section chief. What can I manage? I just run errands. In the urban construction and greening sectors, I don't really have much to do. The approval of the construction permits is handled by the department head. I just go through the motions. If there's any credit, it's the department head; if there's any fault, it's mine."

The greening is even more absurd. According to the reports below, Liaodong should have been covered with lush trees like a park long ago. But look at it, it's all bare. I don't know where all those trees that grow each year go.

Chen Hui said, "It's normal for things to only increase, not decrease, only rise, not fall. Xiao Wei, didn't you talk about the shares a few days ago? Why haven't I heard you mention it?"

Xiao Wei said, "Didn't we tell you to discuss it? Have you made a decision?"

Xia Maosheng said, "Geng Hui mentioned it when she came back that day."

Xiaowei said, "This is no small matter. You need to think it over carefully and discuss it seriously. Xiaohui, you should have a good talk with Uncle Chen and Aunt Chen and listen to their opinions. This is not a joke. The situation is getting bigger and bigger; it's a lifelong matter."

Chen Hui said, "I already called. Actually, you were just nervous; I never thought that much about it. What do you think, Lao Xia?"

Xia Maosheng said, "What can I, a mere follower, think? If all the company shares are merged into the headquarters, my family can own 25%, or even 20% would be fine."

Chen Hui said, "That won't do. Actually, the so-called 'centralization' only includes food factories, schools, and restaurants. Looking at the current situation, the prospects for restaurants are definitely not as good as for food factories, and schools, needless to say, are the most profitable places. So what do you take me for?"

Xia Maosheng said, "I'm serious. Geng Hui and I discussed it. Actually, I couldn't do it myself. Besides, as long as we have enough money, it doesn't really matter if we have more or less shares."

Chen Hui blinked and turned to look at Xiao Wei: "Actually, that's what I think too. I can't do it even if you ask me to. I'll just follow along. Whatever you ask me to do, I'll do."

Xiao Wei said, "Here's what I'm thinking: right now, An Laowu owns 20% of the restaurant and soup stock factory, Hongliang owns 40% of the feed factory, and Lao Xu owns 30% of the furniture factory. The rest belongs to the three of us. I'm thinking of giving Brother Long 10% of the food factory, and pooling the rest together. We'll each get 30%, and the remaining 10% will be a bonus. What do you two think?"

Xia Maosheng looked at Chen Hui, who thought for a moment and said, "Giving bonuses is appropriate, but I feel it's better to give them from the lower levels. Brother Long's 10% is fine, Li Na can go through hotels, Sister Jin can go through restaurants and soup factories, and in the future, Manager Zhang, Sister Liu, and others can go through shopping malls. The headquarters will remain the same, you get 40%, and Lao Xia and I get 30."

Xiao Wei said, "What will happen in the future? Li Na and Sister Jin can't always be managers, can they? What will happen to the managers in the future?"

Chen Hui said, "I've thought about it carefully. I think the equity incentive you mentioned last time, three percent in three years and five percent in five years, is fine. But I think there's a problem with what you said about the five percent becoming actual shares for him after ten years."

I think 5% of the management stock dividends should be enough, until he leaves. But even if he leaves, that's fine. You two think about it, if the company lasts 70 or 80 years or longer, how much would you have to give away? If you're going to liquidate it, by the time my son takes over, it'll all be gone.

Xia Maosheng chuckled and said to Xiao Wei, "That's true. It can't be cashed out, it's just dividends. Once he leaves, it's over. We haven't cheated him."

Chen Hui said, "It's not that we can't give them shares, but we can't give them like this. If someone really works diligently for us for twenty or thirty years and does a good job, it's only right to give them some shares, but we have to spend some money to buy them, and we can't give them too much, one percent or two percent, like this."

Xia Maosheng asked, "At what price?"

Chen Hui said, "At the time, whatever it was worth was what it was worth. It was already good enough that we transferred it to him. If he really stayed with us for twenty or thirty years, taking his salary, bonuses, and five percent of the profits, do you think that one or two percent is a big deal? But then he would have a say, you understand?"

Xia Maosheng asked, "Did Auntie say that or Uncle said that?"

Chen Hui glanced at Xia Maosheng: "My dad just said to let Xiaowei take the lead and get the majority of the shares, that's all. This share issue was really my own idea."

Xia Maosheng chuckled and patted Chen Hui's head twice: "Alright, the kid's all grown up now."

Chen Hui turned his head away to avoid the curse: "Get lost, or I'll give you a good beating, you believe me?"

Xia Maosheng got up, grabbed his bag, took out his notebook, opened it, and said, "I agree that the headquarters belongs to the three of us, but take a look at this share distribution; my wife calculated it."

Chen Hui took the notebook and looked at it: Xiao Wei 42.7, Chen Hui 32, Xia Maosheng 25.3.

Xia Maosheng said, "This is the result my wife calculated by converting the shares of the three of us in all the companies into shares in the headquarters. I feel that this is the correct way to calculate it, otherwise I would always feel like I'm taking more than my share, and I would feel ashamed in front of you two in the future."

Chen Hui asked, "What about the others?"

Xia Maosheng said, "An Laowu Restaurant and Soup Factory are 20, Hongliang Feed Factory is 40, and Lao Xu Furniture Factory is 30. Theirs haven't been touched."

Chen Hui asked, "What if we reward you with stock dividends in the future?"

Xia Maosheng turned a page in his notebook and said, "Their reward is a dividend, not shares. The money is calculated directly from the profits of the companies below based on the share points awarded. For example, if the food factory earns 100 yuan this month, they will give Brother Long three or five yuan. The remaining profits will be brought to headquarters."

Xiao Wei asked, "Each company pays its own taxes, right?"

Xia Maosheng said, "Yes, it's taxed separately. My wife said it's easier to do that way."

Chen Hui closed the notebook and handed it back to Xia Maosheng: "Okay, let's do it this way. Your wife is more professional than us, so let's go with this. Have Li Na go to the Industry and Commerce Bureau to make the changes tomorrow, and it will be implemented from January 1st next year."

From now on, I'll be posting about three chapters a day. I need to eat and work on my new book too. Bonus chapters for donations will remain the same: one chapter for every 1000 points. Thank you all for your support.

(End of this chapter)